On Thursday, Nifty 50 gained 0.24% to 25,010.90, breaching the 25,000 mark, 24 sessions after passing the 24,000 mark. 28 stocks gained while 22 declined.

Leading the pack of gainers was Power Grid, which surged 3.7%, closing at ₹361.10, up from the previous day’s close of ₹348.20.

Next in line, Coal India experienced robust growth of 3.49%, closing at ₹540.40. The stock rallied to its all-time high after its June quarter results beat expectations. Auto giant Maruti Suzuki also had a good day, with its stock price rising by 2.83% to ₹13,359.05. The stock also hit its all-time high after posting strong results.

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ONGC and Dr Reddy’s Laboratories rounded out the top gainers, with increases of 2.26% and 2.04% respectively.

The biggest loser of the day was M&M, with a decline of 2.73%, closing at ₹2,828.40. The company’s shares fell after its results missed expectations.

Hero Motocorp, Tata Steel, SBI and Tata Motors also faced downturns, with their stock prices falling between 1.06% and 1.41%.

Vinod Nair, Head of Research, Geojit Financial Services said, “The benchmarks started positive taking cues from the global market following the Fed Chair's indication that a rate cut might be considered at the September meeting due to easing inflationary pressures. However, the broader market closed on a negative bias due to escalating geopolitical tensions in the Middle East leading to rising crude oil prices. Sector-wise, capital goods and realty were impacted by profit-booking coupled with auto sectors owing to below-expected monthly auto sales figures.”.

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